Today’s Trading Plan: 2016 Comes to a Close

2016-12-30T09:27:41-05:00December 30, 2016|

Technical Analysis: A sell-off yesterday that was hardly a sell-off for the S&P 500 (SPX). Price fell by 0.66 points or 0.03%. Essentially it was a day of sideways price action.  SPX found support right at the 20-day moving average yesterday by forming an indecisive doji candle just above it.  [...]

USO Struggling at the 200-Day Moving Average

2016-05-23T14:19:36-04:00May 23, 2016|

Is it a top in oil?  Maybe.  Maybe not.  What I do know is that USO (United States Oil Fund for those wondering) is having a horrible time trying to push through the 200-day moving average. If you look, at the weekly chart, this commodity has surged higher and since [...]

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